A Budget Constraint

question 12

Multiple Choice

A budget constraint:

• A) must be convex to the origin if consumers prefer more to less.
• B) will be upward-sloping if consumers consider one good a "bad."
• C) must be downward-sloping if both goods have positive prices.
• D) will be concave to the origin if the consumer's budget is fixed.
• E) will always have slope equal to -1.